ST Alpha - "IANAL: It seems like that Disney thing would not stand up in court." (Reading a Post)

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IANAL: It seems like that Disney thing would not stand up in court.

Posted by JaxSean (aka JaxSean) Mar 29 '23, 14:15

Otherwise, I would think any "board" could pass agreements good for 20, 30, 1000 years, then peace-out the next day and screw any incoming boards and their ability.

What am I missing that makes this at all iron-clad?

Responses:

And People wonder how Tom & Gisele got a quickie divorce in Florida. The Laws of Florida are somethin -- nm* - budice Mar 29, 14:52
Duration in most of the agreement includes a "King Charles clause, which sets expiry 21years after death of last living descendent of King Charles -- (link*) - budice Mar 29, 14:45 10
- (it's the rule against perpetuities and has been a standard clause in contracts and estate plans for centuries) - hollywood big shot Mar 29, 14:48 7
  - a grandparent had such an estate, had to dissolve it when some aunt died. we got a yearly check for a couple hundred. blew the settlement on car. - zeitgeist Mar 29, 15:03
  - Just seems so unamerican -- nm - Beryllium Mar 29, 14:52
  - King Ralph was secretly a contract law thriller. -- nm - Reagen Mar 29, 14:51
  - Except for David's comment - looks like the agreement expires "21 years after the death of the last survivor of the descendants of King Charles III" -- nm - JaxSean Mar 29, 14:50 3
    - his is just the life in being they're using to ascertain the time period. it could be anyone with heirs -- (link) - hollywood big shot Mar 29, 14:56 2
      - Nick Cannon! -- nm - Beryllium Mar 29, 15:01 1
        
        L5 -- nm - JaxSean Mar 29, 15:03
- "Until the castle rises above the clouds" -- nm - Reagen Mar 29, 14:48
- But why tho -- nm - Beryllium Mar 29, 14:47
It's like a lame duck GOP dominated legislature removing powers from the newly elected DEM governor just before the assembly is dissolved! -- nm - Mop Mar 29, 14:32
The brilliant part of the move is that it's exactly what Florida lawmakers just did. - David Mar 29, 14:31 1
- I’m not convinced voters* care about the outcome, just that he’s fighting against the Big Bad Woke. Any getting “whupped” will simply be spun as - znufrii Mar 29, 14:43
i don't think that matters. Disney can now question every single thing the new board does, right or not, and make their lives hell. - colin Mar 29, 14:20
Did anyone read that as ANAL at first? No? OK... nevermind then... -- nm - Cuzzin Todd Mar 29, 14:18 1
- " Pippy did in fact read it as ANAL at first....." -- nm - *voice over narrator** Mar 29, 14:19
rule against perpetuities (not that i think that DeSantis and his goons are going to let a little thing like contract law get in their way) -- nm - hollywood big shot Mar 29, 14:18 1
- Fl amended its law against perpetuities in 2022 from having to vest within 360 years to 1,000 years. Disney is in charge forever. -- nm - jnine Mar 29, 16:49
I dont know either. but this response here tells me they have no idea how to proceed -- (link) - Jovian Mar 29, 14:17

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IANAL: It seems like that Disney thing would not stand up in court.

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